| MCK latest price $161.7200 (-0.9%) ($161.1200 - $164.6500) on Wed. Jun. 3, 2020. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 4.42% (three month average) |
RSI | 94 |
Latest Price | $161.7200(-0.9%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | MCK advances 0.8% a day on average for past five trading days. |
Weekly Trend | MCK advances 8.1% a week on average for past two weeks. |
Market Behavior | Value stock rally for large cap. Broad based rally for small cap. |
Correlated ETFs | Broad market will support MCK advance at 0% a week (0% probability) SPLV(49%) DIA(48%) IVE(47%) IWD(47%) XLV(47%) |
Factors Impacting MCK price | MCK will decline at least -2.21% in a week (0% probabilities). VIXM(-29%) UUP(-11%) VXX(-10%) TLT(-10%) KWEB(-3%) |
Explanation | The rally is not sustainable and not supported by the broad market. |
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Relative Volatility | (options are extremely cheap) |
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Market Trend Strength | -2.21% (StdDev 4.42%) |
Hourly BBV | 0.8 () |
Intraday Trend | -1.8% |
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